NorthStar Technologies offers a FREE nsf check collection service by charging a small
fee to bad check
writers. The amount of this charge usually ranges from $20-$40 and
this fee allows NorthStar to literally give away its nsf check
collection service.Most nsf checks are collected within 1-60 days and in these cases businesses receive back 100% of the collected check's face value plus 25% of the state bad check fee!
There are no sign up costs for this service, no minimum number of checks, and no long term contracts. The sign up process is fast and easy at this secure link.
Stop payment and closed account check collection:
Stop payment or closed account check recovery is also available (this is called "phase 2" and it is where intensive collection tactics are used). A business may choose to let NorthStar use the phase 2 service when necessary or a business may control which checks are submitted to phase 2 collection efforts. Phase 2 check collection includes collection phone calls, credit bureau reporting, etc.
All recovered phase 2 funds are treated as a contingency split (businesses receive back 50% of everything that is
collected). Merchants receive back half of a check's face value
plus half of any fees. If the collection efforts fail, a business
is not charged for the collection efforts.
Accounts receivables collection:
Accounts receivables collection is also available in the form of three inexpensive collection letters or a simple 65/35 split. If submitted debt is not collected, businesses pay no fees for the collection efforts. You may access receivables collection through www.bumchecks.com.
Other useful collection agency links through www.bumchecks.com include:
Medical collections for small medical offices as well as
hospitals,
a collection agency service for landlords and apartment
complexes, a
collection service for schools,
libraries,
payday loan businesses,
jails and sheriff's offices,
and
collection letter outsourcing.